Stocks Finish With Mild Gains
December crude oil futures close up 32 cents at $86.05 a barrel. December gold futures settled up $11.40 at $1,713 an ounce.
The benchmark 10-year Treasury finished down 13/32, raising the yield to 1.838%. The dollar was up 0.11%, according to the dollar index.
On the corporate news front. Procter & Gamble (PG) shares rose 2.9% after the consumer products giant posted fiscal first-quarter profit of $1.06 a share a share, beating the average analyst estimate of 96 cents a share, and reiterated its full-year earnings projections as the company focuses on cost reductions and sharpening its presence in key markets.
Revenue came in at $20.74 billion, below the consensus forecast of $20.78 billion.Shares of Aetna (AET) increased 1.1% after the insurance company surpassed third-quarter earnings estimates as stronger-than-anticipated sales increases offset costs tied to its Coventry Health Care acquisition and debt payments. Shares of Ryland (RYL) added 3.9% after the homebuilder and mortgage-finance company topped third-quarter profit and sales projections amid a spike in average closing prices, new orders gross profit margin. Crocs (CROX) shares plummeted 21.2% after the footwear company gave a fourth-quarter guidance that missed expectations. Best Buy (BBY) shares lost 10.3% after the consumer electronics retailer warned of a decline for both its profit and same-store sales in the third quarter and announced a management shakeup. Shares of United (UAL) shed 5% after the world's largest airline missed analysts' earnings estimates, as unit revenue fell in every region except the Pacific. After Thursday's close, Amazon.com (AMZN), the Internet retailer, posted a third-quarter loss of $274 million, or 60 cents a share, which was far worse than the expected 7 cents a share loss. It was reversal from year-earlier profit of 14 cents a share. Shares were down 4.1% in after hours trades after losing more than 2% in the regular session. Zynga (ZNGA), the social gaming company, posted stronger-than-expected revenue for the third quarter on Wednesday and said it reached a deal to offer online poker and casino games, played with real money, in the United Kingdom. Shares surged 12.3%.
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